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Dec 6, 2012
12/12
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. >> the real cost of going over the "fiscal cliff." we break down what californians stand to lose if there is no deal. >> a new discovery impacting how breast cancer is treated. how tweaking the recommendation for a certain drug could save lives. >> and... ♪ [ music ] >> remembering a local legend. out every thethe music and legacy of dave brubeck. ,,,, ?f< administration will reject a budget deal that doesn't ine higher taxes for the wealtht rcent of americans. >>> treasury secretary timothy geithner said the obama administration will reject a budget deal that doesn't include higher taxes for the wealthiest 2% of americans. >> and the "fiscal cliff" deadline is now a day closer and still no deal between the president and republicans. political reporter grace lee is live in the newsroom with what this gridlock could cost californians. grace. >> reporter: well, liz, now we have some very real numbers that's what's at stake if we go over the "fiscal cliff." the daily democrat predicts that our state could lose $4.5 billion and lose abo
. >> the real cost of going over the "fiscal cliff." we break down what californians stand to lose if there is no deal. >> a new discovery impacting how breast cancer is treated. how tweaking the recommendation for a certain drug could save lives. >> and... ♪ [ music ] >> remembering a local legend. out every thethe music and legacy of dave brubeck. ,,,, ?f< administration will reject a budget deal that doesn't ine higher taxes for the wealtht rcent of...
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has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured him and when will the two of you sit down in around the world i don't think would be assured now sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt we'll discuss uncle sam's exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a fiscal cliff deal but what does this so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets in the big woods on them amounts to th
has made a counteroffer to the white house on the fiscal cliff and the endless conversation continues today with president obama giving his first post-election one on one interview here's a snippet i think reassured him and when will the two of you sit down in around the world i don't think would be assured now sitting in a room. there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars...
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Dec 4, 2012
12/12
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KTVU
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counteroffer for dealing with the fiscal cliff. we have fewer tax increases than the president wants, allison? >> reporter: pam, house republicans say this is their attempt to counterwhat they call the la la land offer from president barack obama. republicans want 1.2 pill caron dollars in spending -- trillion dollars in spending cuts and that's almost twice as much as what the president has proposed. they are not raising tax rates on the wealthy which the president has demanded. they are also proposing 200 billion in savings for changes by potentially lowering the costs in increasing eligibility standards. that could be a major sticking point for congressional democrats but the president needs more details but he does not like what republicans are offering. look at how house democratic national convention democrats may try to force tax rates from wealthier americans, reporting live allison burns, ktvu channel 2 morning news. >>> they are trying to make homes livable, under the program the city of new york will send contractors at
counteroffer for dealing with the fiscal cliff. we have fewer tax increases than the president wants, allison? >> reporter: pam, house republicans say this is their attempt to counterwhat they call the la la land offer from president barack obama. republicans want 1.2 pill caron dollars in spending -- trillion dollars in spending cuts and that's almost twice as much as what the president has proposed. they are not raising tax rates on the wealthy which the president has demanded. they are...
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Dec 5, 2012
12/12
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KPIX
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wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are...
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Dec 3, 2012
12/12
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KRON
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looming fiscal cliff. house minority leader nets deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a another way to get revenue from upper income americans that does not hurt our economy why would we not consider it. >> the president wants to in the bush era tax cuts for people making more than a quarter of a million dollars per year. the average middle-class public to pay about 2000 a year more in taxes. >> there is no reason why 98 percent of americans have to see their taxes go up because some members of congress on the republican side want to block tax rate increases for 2 percent of the most wealthy americans. >> nancy pelosi pushing fo
looming fiscal cliff. house minority leader nets deposing wants to vote. - vote nancy pelosi . >> with a so-called fiscal cliff and higher taxes for all americans looming. >> right now i will say we are nowhere. >> the house speaker blamed the stalemate on the obama administration. he said they are not taking republicans seriously with plans to close loopholes and limited deductions without raising taxes. >> off the president may disagree but the fact is if there is a...
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Nov 29, 2012
11/12
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KNTV
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markets feeling pretty good about the fiscal cliff. however, we got the latest numbers from stores. macy's, target, kohl's, all reporting lower than expected sales. kohl's is down 10% this morning in very active trading. >> giving away too much kohl's cash. >> apparenty. >> thanks so much. >>> a fran drescher appearance on the show. >> yeah. all right. >>> time to check the forecast right now with meteorologist christina loren. a break in the storm. >> a break in the storm. get what you need to do done right now, even if it's just walking the dog, as we have a lot more rain on the way. we want to start with this beautiful sunrise, though, what few breaks in the clouds we do have making for gorgeous conditions this morning as you make your way out the front door. this is san jose and we have a beautiful sunrise just about everywhere with pesky showers on the forecast map. for today what we're expecting, temperatures in the 60s, mostly cloudy conditions. that heavy rain arrives between 5:p.m. tonight and 5:00 a.m. tomorrow morning. we'll continue to update you throughout the "today" s
markets feeling pretty good about the fiscal cliff. however, we got the latest numbers from stores. macy's, target, kohl's, all reporting lower than expected sales. kohl's is down 10% this morning in very active trading. >> giving away too much kohl's cash. >> apparenty. >> thanks so much. >>> a fran drescher appearance on the show. >> yeah. all right. >>> time to check the forecast right now with meteorologist christina loren. a break in the storm....
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Dec 5, 2012
12/12
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. >>> wall street investors are still waiting on a "fiscal cliff" deal. stocks were mostly unchanged yesterday. the dow lost 13 points while the nasdaq was down 5. >>> fedex is offering some employees a voluntary buy-out plan as the package delivery company tries to save nearly $2 billion in the next three years. fedex will offer some employees up to two years pay to leave the company. most of the cuts will come from its express and service units. >>> and starting in 2016 the whole host of disney characters are coming to netflix. the online video rental service landed exclusive rights to stream disney movies before they air on premium cable networks. netflix will also stream some of disney's classic movies. no financial terms of the deal were released. but certainly a big score there for netflix. >> that is a big coup. >> i have a cousin who drinks starbucks every day. now i know what to get her. >> this would make her have a lot of clout there around starbucks, as well. they are introducing a $450 gift card. the starbucks metal car is made of etched stee
. >>> wall street investors are still waiting on a "fiscal cliff" deal. stocks were mostly unchanged yesterday. the dow lost 13 points while the nasdaq was down 5. >>> fedex is offering some employees a voluntary buy-out plan as the package delivery company tries to save nearly $2 billion in the next three years. fedex will offer some employees up to two years pay to leave the company. most of the cuts will come from its express and service units. >>> and...
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Dec 6, 2012
12/12
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KRON
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cliff.. no details have been released on that phone conversation....but all signs point to a continued stalemate . >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this but they have to be willing to come to the table with specifics. i think the next 72 hours are critical. if he sits back and continues to play politics, that'll give we're going. [take vo] >> the big sticking point is taxes -- and whether to raise them for the wealthiest two percent of americans. john boehner says that won't solve a big spending problem. president obama meantmie, says congress can't tie fiscal cliff talks to upcoming debt ceiling votes. also, the military budget is on the table with a possible $500 million being set aside as a warning. stay with us, more news coming up. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fi
cliff.. no details have been released on that phone conversation....but all signs point to a continued stalemate . >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this but they have to be willing to come to the table with specifics. i think the next 72 hours are critical. if he sits back and continues to play politics, that'll give we're going. [take vo] >> the big sticking point is taxes -- and whether to raise them for the...
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Nov 30, 2012
11/12
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KRON
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the president is talking about the fiscal cliff. an argument with republicans and how he wants things to go forward and how to avoid the fiscal cliff. the tear- gas to say >> we know how to do that but in washington nothing is easy sell there's gonna be some prolonged negotiations. all of us are going back to get out of our comfort zone is to make that happen. i am willing to do that and i am hopeful that enough members of congress and both parties are willing to do that as well. we can solve these problems. but where the clock is really taking right now is on middle-class taxes. at the end of the year middle-class taxes that are currently in place are set to expire. middle-class tax cuts that are currently in place are set to expire. there are two things that can happen. if congress does not every family in america will see their income taxes automatically go up on january 1st. every family, everybody here will see your taxes go up when the reverse. i am assuming that does not sound too good to. it sounds like the local you get for
the president is talking about the fiscal cliff. an argument with republicans and how he wants things to go forward and how to avoid the fiscal cliff. the tear- gas to say >> we know how to do that but in washington nothing is easy sell there's gonna be some prolonged negotiations. all of us are going back to get out of our comfort zone is to make that happen. i am willing to do that and i am hopeful that enough members of congress and both parties are willing to do that as well. we can...
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Dec 5, 2012
12/12
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KPIX
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. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they say will do more to boost economic growth. the white house considers the proposal and economic rationale behind it laughable. >> we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> reporter: republicans answered back ba-humbug. >> this is absolutely not serious and the administration knows it. >> reporter: six governors, three from each party, met the president and said acid they believe bus
. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it....
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Dec 7, 2012
12/12
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KTVU
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now, economists say these numbers are huge for fiscal cliff negotiations. they back president obama's argument that the economy is doing well enough to handle attack -- handle a tax hike for wealthier americans. >> the fact that this this report is strong, i think puts a little bit of wind in his sails. >> reporter: john boehner is holding a news conference here on capitol hill. he's now lead -- he's now leading the negotiations with president obama. we will show -- we will show you -- tell you what he has to say coming up next hour. >>> starting next year, apple will start making some of its products here in the u.s. apple's ceo tim cook says one of its manufacturing operations will be moved here from china. it's not clear where that assembly plant will be. that announcement comes as criticism is mounting. >>> well, clorox corporation has a deal with a san diego- based investor to sell its headquarters building in downtown san diego. west core properties agreed to buy the 24-story building on broadway. the terms of the deal, that has not been disclosed. bu
now, economists say these numbers are huge for fiscal cliff negotiations. they back president obama's argument that the economy is doing well enough to handle attack -- handle a tax hike for wealthier americans. >> the fact that this this report is strong, i think puts a little bit of wind in his sails. >> reporter: john boehner is holding a news conference here on capitol hill. he's now lead -- he's now leading the negotiations with president obama. we will show -- we will show you...
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Dec 7, 2012
12/12
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CSPAN
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we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more spending, and generate more revenue. we need to do it in a smart way that keeps our economy growing. earlier this year, congress extended the payroll tax cut through 2012. the two percentage point payroll tax cut has played an important role to sustain the recovery. boosting economic growth by an estimated 0.5% of one percentage point, and creating 400,000 jobs. we should continue the payroll tax cut through 2013, and yesterday i introduce legislation that would keep the employee payroll tax at 4.2% next year. to keep the economy growing -- there is good evidence of that in the last couple of months
we know there is broad agreement that going over the so-called fiscal cliff would jeopardize the economic recovery. it would do that by increasing taxes on families, halting employment growth, driving unemployment up instead of down, triggering a deep cuts to programs that families across the country count on. the job before the united states congress is to reach an agreement that builds on the economic progress that we are making, and puts us on a path to fiscal stability. we need to cut more...
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Dec 4, 2012
12/12
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KTVU
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cliff. >>> and iran claims to have company charred a u.s. drone. why the u.s. is highly skeptical of this story. d like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios has whole grain and 110 delicious calories. ...more grains. less you! multigrain cheerios in multi-grain cheerios peanut butter. >>> mostly cloudy skies. some rain developing to the north. some of that will move in. the bulk of it will be in today and tomorrow. >>> developing news from syria. 29 students and a teacher were just killed in a mortar attack in a school near damascus. syrian immediate yay blames terrorists. the syrian government is often called rebels trying to overthrow the syrian regime terrorists. there's still investigations going on. >>> iran has claimed to have captured a u.s. drone. a radar image shows the image. iran says it captured the d
cliff. >>> and iran claims to have company charred a u.s. drone. why the u.s. is highly skeptical of this story. d like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios has whole grain and 110 delicious calories. ...more grains. less you! multigrain cheerios in multi-grain cheerios peanut butter. >>> mostly...
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Dec 5, 2012
12/12
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KTVU
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cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they do come together. >> i think this is all kind of a shadow dance that's going on and i'm not sure exactly what's going on in the background. but i think the whole fiscal cliff is wildly exaggerated. >> a pew washington post poll shows more americans think the president and congress will not come to an agreement on how to avoid the fiscal cliff by the end of the year. 49% to 40%. >>> although the nhl season is still on ice, hockey will return to the hp pavilion in san jose. that's because the minor league will play a game december 17th there. they will take on the stockton thunder. the sharks say their season ticketholders can receive complimentary passes. there's still -- complementary passes. >>> 8:19. who is the most overpaid actor in the world? well, "forbes" magazine says it's eddie murphy. they list murphy at the top of the 2012 list of the most overpaid actors. they said his last three movies were flopped
cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they do come together. >> i think this is all kind of a shadow dance that's going on and i'm not sure exactly what's going on in the background. but i think the whole fiscal cliff is wildly exaggerated. >> a pew washington post poll shows more americans think the president and congress will not come to...